The Interior Design Society Inc is located in High Point, NC. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Interior Design Society Inc employed 5 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Interior Design Society Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Interior Design Society Inc generated $574.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $564.8k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTERIOR DESIGN PROFESSION AND ITS PRACTITIONERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR CONFERENCES AND SEMINARS TO ENHANCE THE SKILLS OF INTERIOR DESIGN PROFESSIONALS
CONDUCT PROFESSIONAL DESIGN WORKSHOPS
TO AID IN PROFESSIONAL DEVELOPMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason Clifton President | OfficerTrustee | $0 | |
Mikala Moller Vice Preside | OfficerTrustee | $0 | |
Kimberly Joi Mcdonald Past Preside | OfficerTrustee | $0 | |
Beth Clark Secretary/tr | OfficerTrustee | $0 | |
Michael Bauer Board Member | Trustee | $0 | |
James Ashley Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $29,697 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $29,697 |
Total Program Service Revenue | $545,052 |
Investment income | $30 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $574,779 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $204,242 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,067 |
Payroll taxes | $22,078 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,988 |
Fees for services: Accounting | $8,448 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,142 |
Advertising and promotion | $34,330 |
Office expenses | $39,384 |
Information technology | $25,314 |
Royalties | $0 |
Occupancy | $19,270 |
Travel | $8,053 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $140,654 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $3,429 |
Total functional expenses | $564,753 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $307,010 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $307,010 |
Accounts payable and accrued expenses | $17,453 |
Grants payable | $0 |
Deferred revenue | $345,495 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $362,948 |
Net assets without donor restrictions | -$55,938 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $307,010 |
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